Bitcoin for Christmas: MicroStrategy buys another $600M

Business quality steadfast MicroStrategy purchased 16,130 Bitcoin (BTC) successful November, bringing its full holdings to much than $6 billion.

In a Nov. 30 announcement, MicroStrategy co-founder Michael Saylor said the institution acquired the BTC for astir $593.3 cardinal — a terms of $36,785 per Bitcoin. As of Nov. 29, MicroStrategy reported it held 174,530 BTC — worthy astir $6.6 cardinal astatine the clip of publication, astatine a terms of $37,726.

MicroStrategy has acquired an further 16,130 BTC for ~$593.3 cardinal astatine an mean terms of $36,785 per #bitcoin. As of 11/29/23, @MicroStrategy present hodls 174,530 $BTC acquired for ~$5.28 cardinal astatine an mean terms of $30,252 per bitcoin. $MSTR https://t.co/3XHhpIvsuA

The concern quality steadfast has consistently purchased ample volumes of Bitcoin since announcing it would follow the cryptocurrency arsenic its treasury reserve plus successful August 2020. Saylor’s past announcement was successful September, reporting MicroStrategy bought 5,445 BTC for astir $147 million.

Related: MicroStrategy’s Bitcoin stash backmost successful nett with BTC terms supra $30K

MicroStrategy’s Bitcoin acquisition announcement followed arsenic the terms of the cryptocurrency rose astir 10% successful November. The steadfast reported a gain of $900 cardinal for its Bitcoin holdings successful the 3rd 4th of 2023, with CEO Phong Le hinting astatine the clip the institution would proceed to marque accordant purchases.

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